A new research report from Coinbase says that crypto markets remain fixated on spot Bitcoin

ETF flows rather than fundamentals.

Coinbase noted that net outflows amounted to $836 million between March 18th and

March 21st.

The report also said that while there is little insight into what drove the surge and outflows

from Grayscale Bitcoin Trust, which reached $1.83 billion in total. also said that while there is little insight into what drove the surge in outflows from

Grayscale Bitcoin Trust, which reached $1.83 billion in total over four days. One source of

potential selling pressure that has been expected is from the bankruptcy estate of Genesis Global.

Coinbase said it's not clear whether the recent GBT outflows are linked to these sales, and that, quote,

we can only infer that the size and scope of the change in GBT shares outstanding coincide with

recent developments on Genesis' payment obligations, end quote.

Bitcoin is at almost $67,000 up just over 2% as of 9.30 a.m. Eastern Time and the Coin Desk 20 index is at

2,593 points up 2.5%. How many years will Sam Bankman Fried be sentenced to? We took a look at

prediction market, polymarket, to see what people are betting on.

28% of people think he's getting 40 to 50 years, while 26% think 30 to 40, and 27% say 20 to 30.

FTX as disgraced founder and former CEO is scheduled to be sentenced to this week. And for those that think Bankman

Freed will be spending decades in jail, some lawyers have told Coindus that there's a possibility

his sentence could be reduced as creditors have been made whole. And Nigeria's tax authority

has charged finance with tax evasion according to local news outlets. This comes after two senior executives were detained by authorities.

Since then, one of the two executives has escaped, according to a presidential spokesperson.

Reuters reported that the country is working with Interpol to secure an international arrest warrant for Nadim and Jarwala,

who is Binance's regional manager for Africa.

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